Nilsine Partners LLC Grows Stock Holdings in Unilever PLC (NYSE:UL)

Nilsine Partners LLC raised its position in shares of Unilever PLC (NYSE:UL) by 33.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,531 shares of the company’s stock after buying an additional 1,375 shares during the quarter. Nilsine Partners LLC’s holdings in Unilever were worth $278,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Barrett & Company Inc. increased its holdings in shares of Unilever by 51.5% during the third quarter. Barrett & Company Inc. now owns 606 shares of the company’s stock valued at $30,000 after acquiring an additional 206 shares in the last quarter. Sage Rhino Capital LLC increased its holdings in shares of Unilever by 2.4% during the third quarter. Sage Rhino Capital LLC now owns 9,066 shares of the company’s stock valued at $448,000 after acquiring an additional 215 shares in the last quarter. Marino Stram & Associates LLC increased its holdings in shares of Unilever by 2.2% during the fourth quarter. Marino Stram & Associates LLC now owns 9,963 shares of the company’s stock valued at $483,000 after acquiring an additional 215 shares in the last quarter. Pine Haven Investment Counsel Inc increased its holdings in shares of Unilever by 3.7% during the fourth quarter. Pine Haven Investment Counsel Inc now owns 6,133 shares of the company’s stock valued at $297,000 after acquiring an additional 216 shares in the last quarter. Finally, Avidian Wealth Solutions LLC increased its holdings in shares of Unilever by 1.0% during the fourth quarter. Avidian Wealth Solutions LLC now owns 21,616 shares of the company’s stock valued at $1,048,000 after acquiring an additional 216 shares in the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Performance

Shares of NYSE:UL traded up $0.37 during midday trading on Tuesday, reaching $51.87. 3,005,628 shares of the company’s stock traded hands, compared to its average volume of 2,896,179. Unilever PLC has a 1 year low of $46.16 and a 1 year high of $55.77. The company has a market cap of $129.95 billion, a P/E ratio of 16.57, a PEG ratio of 3.68 and a beta of 0.45. The company has a fifty day simple moving average of $49.14 and a two-hundred day simple moving average of $48.61.

Unilever Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a $0.4556 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.82 dividend on an annualized basis and a yield of 3.51%. Unilever’s payout ratio is currently 57.83%.

Wall Street Analyst Weigh In

UL has been the topic of several research reports. Morgan Stanley downgraded shares of Unilever from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $52.00 to $48.00 in a report on Tuesday, February 27th. StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $48.00.

About Unilever

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.